by Ben Miller
Naming the top public credit issuer in LatAm this year is difficult, with the region spoiled for choice. Any of this year’s regional top seven would be a superstar in Europe, and in many other parts of the world. Strong management, timely liability exchanges, and almost-guaranteed strong demand from investors for paper at historical low yields mean any of them could make a case for being number one.
The past 12 months for Mexico have mostly seen a series of well-timed retaps, most notably surprising the markets with a $1 billion reopening of its century bond in August.
The somewhat unconventionally timed deal locked in a 5.959% yield, or 241.8 basis points over US Treas